Metal prices start high into the new year – columns

Vaccines against the Covid-19 virus and an associated improved economic situation should give metal prices a boost in the new year as well.

From a fundamental point of view alone – for most metals the supply is greater than the demand – there could be some setbacks in terms of price, perhaps most likely towards the end of 2021. But China’s economy is recovering and is also focusing more on quality, i.e. sustainability and renewable energies, thus on wind and solar energy as well as electromobility. Added to this are the investments that China’s new five-year plan will bring with it and will result in increased demand for raw materials.

For this, copper and nickel will be particularly popular among metals. After all, electric vehicles need more copper and nickel to manufacture than conventional vehicles. Common lithium-ion batteries cannot do without nickel and high-quality nickel is required. The steel industry also consumes around 70 percent of nickel production today. And with a recovery in the economy goes hand in hand with increasing steel consumption.

Electric mobility only works with copper. Worldwide sales of electric vehicles will increase, according to Wood Mackenzie from currently five percent to around 50 percent by 2040. So copper should be very popular in the coming years. With that, the future of companies that own copper in their projects should look good.

Filo mining – – belongs to it with its copper-gold-silver deposit Filo del Sol in Chile’s Region III and the neighboring Argentine province. The Indicated Mineral Resource is 425 million tons of rock containing 3.1 billion pounds of copper, 147 million ounces of silver and 4.4 million ounces of gold.

Also Hannan Metals – – Has copper and silver resources. The company will work with a partner on the major San Martin project in northeastern Peru. Hannan Metals is also pursuing other projects such as a zinc project in Ireland.

Current company information and press releases from Filo Mining (- -) and Hannan Metals (- -).

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